Amendment to the Product Title and Final Settlement of the NYMEX Brent 25-Day (Platts) Futures Contract

To

Members, Member Firms and Market Users

From

Research and Product Development

#

SER-6576

Notice Date

28 February 2013

Effective Date

17 March 2013

Effective Sunday, March 17, 2013 for trade date Monday, March 18, 2013, and pending all CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will amend the product title and the final settlement reference of the NYMEX Brent 25-Day (Platts) Futures contract (Chapter 1186, Commodity code NBZ) such that the final settlement of the NYMEX Brent 25-Day contract will no longer be based on the Platts Brent 25-Day cash forward market assessment, but will be based on the ICE Brent Index Price as published one day after the final trading day for the contract month. The contract will remain listed for trading on the NYMEX trading floor, CME Globex and for submission for clearing through CME ClearPort. The proposed rule amendments appear below.

(bold/underline indicates addition; strikethrough indicates deletion)

Chapter 1186

NYMEX Brent 25-Day (Platts) Futures

1186100. SCOPE OF CHAPTER

The provisions of these rules shall apply to all contracts bought or sold on the Exchange for

cash settlement based on the Floating Price. The Floating Price is equal to the ICE Brent Index price as published one day after the final trading day for the contract month.The Floating Price is equal to the Platts Brent front month forward assessment from the 16:30 London close on the final trading day for the contract month. The Platts Brent forward assessment is also referred to as 25-day cash BFOE, which is a combination of Brent, Forties, Oseberg, and Ekofisk grades. The

procedures for trading, clearing and cash settlement of this contract, and any other matters not

specifically covered herein shall be governed by the general rules of the Exchange.

1186101. CONTRACT SPECIFICATIONS

The Floating Price on the final trading day for the contract month shall be equal to the ICE Brent Index price as published one day after the final trading day for the contract month.

The Floating Price on the final trading day for the contract month shall be the the Platts Brent

front month forward assessment from the 16:30 London close as published in the Platts Crude

Oil Marketwire.

1186103. FINAL SETTLEMENT

Final settlement under the contract shall be by cash settlement based on the ICE Brent Index price as published one day after the final trading day for the contract month.

Final settlement under the contract shall be by cash settlement based on the Platts Brent front

month cash assessment from the 16:30 London close on the final trading day for the contract

month. Final settlement, following termination of trading for a contract month, will be based on

the Floating Price.

1186104. DISCLAIMER

NEITHER NEW YORK MERCANTILE EXCHANGE, INC. (“NYMEX”) ITS AFFILIATES NOR

PLATTS, A DIVISION OF THE MCGRAW-HILL COMPANIES, INC. (“PLATTS”)

GUARANTEES THE ACCURACY NOR COMPLETENESS OF THE PLATTS PRICE

ASSESSMENT OR ANY OF THE DATA INCLUDED THEREIN.

NYMEX, ITS AFFILIATES OR PLATTS MAKE NO WARRANTIES, EXPRESS OR IMPLIED,

AS TO THE RESULTS TO BE OBTAINED BY ANY PERSON OR ENTITY FROM USE OF

THE PLATTS PRICE ASSESSMENT, TRADING AND/OR CLEARING BASED ON THE

PLATTS PRICE ASSESSMENT, OR ANY DATA INCLUDED THEREIN IN CONNECTION

WITH THE TRADING AND/OR CLEARING OF THE CONTRACT, OR, FOR ANY OTHER

USE. NYMEX, ITS AFFILIATES AND PLATTS MAKE NO WARRANTIES, EXPRESS OR

IMPLIED, AND HEREBY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR

FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE PLATTS

PRICE ASSESSMENT OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF

THE FOREGOING, IN NO EVENT SHALL NYMEX, ITS AFFILIATES OR PLATTS HAVE ANY

LIABILITY FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR

CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE

POSSIBILITY OF SUCH DAMAGES.

“Platts,” is a trademark of The McGraw-Hill Companies, Inc. and has been licensed for use by

New York Mercantile Exchange, Inc. Platts does not sponsor, endorse, sell or promote the

contract and Platts makes no recommendations concerning the advisability of investing in the

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